stevehopwoodforex.com • 10.4 A Complete System

Author:

Wiggy1965 [ Tue Mar 12, 2013 9:55 am ]

Post subject:

Re: 10.4 A Complete System

allisonmagic wrote:i don't understand how you don't see any of those signals.. and i got nailed trading a dollar a pip on a 500 dollar account. .20 cents isn't going to break me.. yet

Wiggy1965 wrote:
allisonmagic wrote:here's my pending list..

let me have it Grasshopper is listening with intent
USDCAD, is similar to the Euro trade (see earlier post) for me in that it needs to break above WR and then i look for entries....If it comes down further and bounces off WS and RSI turns up, then there will be more value in the trade...just my view...

USDCHF, Although I'm in this trade, i did so reluctantly and almost took the trade off ten times....The reason is RSI is not pinned.....my major concern is, that I'm in early and i could have got a better entry....

AUSUSD, No RSI signal.....So, not sure what you pending order entry signal is....If this is a bounce of the pivot/MA, then that is OK, but not sure it is a 10.4 trade....You may get RSI to flatten later today and therefor an entry at the mid pivot could be possible, however your pending of .02510 does not appear to line up with anything...

NZDUSD, Again no signal as yet from what i can see...

AUDNZD, Again no signal as yet from what i can see...

In addition to the above, the size of your trades based on your account size is too high.....Further, with such a small account you should be looking to make every post a winner as you cannot afford too many losers with such a small account.... The only way you can try to do this is be selective with you trades and not enter into trade where the signal is marginal....So, my advice is to select quality over quantity....I think we have chatted about this before....

I was surprise to see you increasing your lot size when is was less that a week ago you posted that you had your ares handed to you....

Wiggy

Which ones,

You mention 5 pending, which do you think i'm missing...

USDCAD, I aggree it is there, however I chose not to take it for other reasons....
USDCHF, I kinda agreed its there, however I'm still worried about it...
AUDUSD, RSI is still not at 100 (but very close) and is only now stating to flatten....
NZDUSD, you saw my last post, i still don't have a RSI, it's close but not 100 and not flattening out....
AUDNZD, I'm sorry but RSI is nowhere near an entry...

The concern i have with taking RSI before 100 or 0 and flattening, is it does appear in many case that there may be more selling or buying to occur, so there fore it's not totally oversold or over brought...As such, your not getting the best (optimum) entry.....Further to this, you may be getting into trades you don't want....I'm not the only person that has spoken of the value of allow RSI to flatten, may other have posted in relation to this...

You only need to go back the 8th of Feb (NZDUSD) and look at the RSI failing to top out (overbrought), look what happens next, price goes short 66 pips the retraces through the MA 220 pips...

I know Bob does not use the AO to confirm entry, however if you concede AO is good enough to tell you what price is potentially going to do in or to exit trades, then you would be silly to not even look at it when considering a trade....Given RSI is not overbought, what does OA tell me....? It's green and up-trending, this tell me then may be further buying....So, neither indicator is giving me a signal to place a pending sell order....why would you place a sell order when you have two indicators telling there is potentially more buying to occur....

The trade may well work out, but given the number of 10.4 trades available, do i choose this one over others, maybe not...! Do i trade it because i have nothing else to do and i have to be in a trade, defiantly not....

I'm more than happy to post my charts, but as i use Version 1 of the template, most people should seeing what i see.....

I have one disclaimer in relation to the RSI triggers above that I'm not seeing above.....My live broker is AXI trader and they are GMT +2 and I'm not seeing the RSI signals on the trade i mentioned above, however my other live account (i don't really use) is GFT and is on GMT....On the GFT account, I'm seeing a brief touch of the RSI on the Kiwi trades, however the AUD is still not there....

So base on just above, some people are going to see entries that others are not...

Regards
Wiggy

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Author:	spotdespot [ Tue Mar 12, 2013 7:59 am ]
Post subject:	Re: 10.4 A Complete System
Wiggy1965 wrote: Dave, Are you using Bob's template and RSI, as this RSI does not look right... Wiggy Hi Wiggy, I am not using Bob's template no. What I have is candletiger's RSI(2) (that combines the TMA and RSI in one indi - in the "useful thingies" thread) in Blue with a fixed 1-99 range (0 and 100 disappear - see GT3RS thread) & the L/RSI in red fixed 0-1 with the 0.15 and 0.85. This gives me the best of both worlds and when the RSI is high (not necessarily pinned) and the L/RSI enters the same 0.15/0.85 zone afterwards this seems to give a very reliable trigger to set pendings imo. For some reason when I overlay the indi's I can't get the shaded "No trade zone" to show whatever I do but that's no big deal. I hope that makes sense. Cheers, Dave.

Author:	aworex [ Tue Mar 12, 2013 8:22 am ]
Post subject:	Re: 10.4 A Complete System
spotdespot wrote: Wiggy1965 wrote: Dave, Are you using Bob's template and RSI, as this RSI does not look right... Wiggy Hi Wiggy, I am not using Bob's template no. What I have is candletiger's RSI(2) (that combines the TMA and RSI in one indi - in the "useful thingies" thread) in Blue with a fixed 1-99 range (0 and 100 disappear - see GT3RS thread) & the L/RSI in red fixed 0-1 with the 0.15 and 0.85. This gives me the best of both worlds and when the RSI is high (not necessarily pinned) and the L/RSI enters the same 0.15/0.85 zone afterwards this seems to give a very reliable trigger to set pendings imo. For some reason when I overlay the indi's I can't get the shaded "No trade zone" to show whatever I do but that's no big deal. I hope that makes sense. Cheers, Dave. Hi Dave, What's the page number of GT3RS thread ? Thanks

Author:	Captain Jack [ Tue Mar 12, 2013 8:26 am ]
Post subject:	Re: 10.4 A Complete System
nanningbob wrote:Trader Jack has gotten me in trouble with my wife. She told me I better not be pinning any foxes. My buddies always blame me too...just don't get lost hunting those fox. You'll end up with a new dishwasher....maybe a blond or a redheaded one! John

Author:	Wiggy1965 [ Tue Mar 12, 2013 8:56 am ]
Post subject:	Re: 10.4 A Complete System
Nipponho wrote:Hi wiggy, my tma rsi shows a signal for NU, already triggerred, just a little in the red now. I guess u are using either stoch or the laguerre, that's why it shows no signal. Sometimes a signal may not appear simultaneously on all 3 indis. I am sticking to rsi version. Don't like the stoch version. Laguerre is new, i don't want to be guinea pig AU too, signal appear, just that no flattening. Is that your RSI signal at 96...? I thought we are looking pinned on 100.... If your plan don't require the RSI to hit of pin the 100 or 0 line, that's fine NSZUSD Trade 12-3-2013 pic1.jpg I'm using version 1 of the template on Post 1 Regards Wiggy

Author:	theforexedge [ Tue Mar 12, 2013 9:26 am ]
Post subject:	Re: 10.4 A Complete System
lhDT wrote:Trades of the day : AUDCAD long @ 1.05158 +26.1 EURNZD short @ 1.58593 +80.2 & 1.58150 +36 GBPNZD short @ 1.82069 +132 & 1.81074 +34.4 USDCAD long @ 1.02876 -27.5 Entered too early but still looking good with RS1 & Sotchs bottoming. EURSEK short @ 8.32810 -5 (with a 2.34 short swap, always interesting) So total running : ~ +280 pips. Not bad for a "slow" monday Lio Can i ask if you're using Steve's ITM to manage your trades? I'm still using Trade Manager EA from forex Factory, but wondering if I should make the change to ITM and use the scripts etc. Would be good to know what you're using.. Thanks, JP

Author:	Nipponho [ Tue Mar 12, 2013 9:39 am ]
Post subject:	Re: 10.4 A Complete System
Hi Wiggy, Mine looks like this. If u compare my pic with your pic, look at the indi description on the top left hand corner of lower panel, they are different. Mine has no version indicated whereas yours says v1.0.0. So I believe we are using 2 different versions, that could possibly explain why we don’t see the same signals. But I can’t be too sure, sorry, my coding knowledge is too poor . I just downloaded everything last week from the "final" folder. The tpl file is named V1.01. So my version could be a later one than yours. But I am seeing the same signals as what the few of us sees, eg. Allison, etc. But on a few occasions, yours don’t coincide with ours. As far as I remember, the booklet only mentions flattening, there is no requirement for 100 or 0. Let me run through the booklet again this evening in case my memory fails . But of course, u are not wrong to look for 100 or 0, u are being extra stringent. The trade off is that u may have to let go some opportunities. Check it out : AU is coming back to give me a second chance. This is 10.2 SR trade, no need to use rsi. Let me know if u need me to post any charts to compare.

Author:	phaholj [ Tue Mar 12, 2013 9:49 am ]
Post subject:	Re: 10.4 A Complete System
aworex wrote: spotdespot wrote: Wiggy1965 wrote: Dave, Are you using Bob's template and RSI, as this RSI does not look right... Wiggy Hi Wiggy, I am not using Bob's template no. What I have is candletiger's RSI(2) (that combines the TMA and RSI in one indi - in the "useful thingies" thread) in Blue with a fixed 1-99 range (0 and 100 disappear - see GT3RS thread) & the L/RSI in red fixed 0-1 with the 0.15 and 0.85. This gives me the best of both worlds and when the RSI is high (not necessarily pinned) and the L/RSI enters the same 0.15/0.85 zone afterwards this seems to give a very reliable trigger to set pendings imo. For some reason when I overlay the indi's I can't get the shaded "No trade zone" to show whatever I do but that's no big deal. I hope that makes sense. Cheers, Dave. Hi Dave, What's the page number of GT3RS thread ? Thanks This is link to the thread http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=1589 I think its page 3

Author:	lhDT [ Tue Mar 12, 2013 9:51 am ]
Post subject:	Re: 10.4 A Complete System
I'm still USDCHF long but looking a bit concerning right now ... Will keep it until the trendline is clearly broken. I still like : - clear uptrend - RSI2 / Stochs low Also, As EURUSD is still short and USDCHF is highly correlated, will stick to it. Hope this will change to a pin at the close.

Author:	aworex [ Tue Mar 12, 2013 10:04 am ]
Post subject:	Re: 10.4 A Complete System
phaholj wrote: aworex wrote: spotdespot wrote: Wiggy1965 wrote: Dave, Are you using Bob's template and RSI, as this RSI does not look right... Wiggy Hi Wiggy, I am not using Bob's template no. What I have is candletiger's RSI(2) (that combines the TMA and RSI in one indi - in the "useful thingies" thread) in Blue with a fixed 1-99 range (0 and 100 disappear - see GT3RS thread) & the L/RSI in red fixed 0-1 with the 0.15 and 0.85. This gives me the best of both worlds and when the RSI is high (not necessarily pinned) and the L/RSI enters the same 0.15/0.85 zone afterwards this seems to give a very reliable trigger to set pendings imo. For some reason when I overlay the indi's I can't get the shaded "No trade zone" to show whatever I do but that's no big deal. I hope that makes sense. Cheers, Dave. Hi Dave, What's the page number of GT3RS thread ? Thanks This is link to the thread http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=1589 I think its page 3 Thanks

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